The market has stabilized, the first signs of a downtrend appeared

October 4, 2019 6:42:00 AM by Patrick Yang
Forecast Details
Direction Sell
StatusClosed (118.80)
Oct. 4, 2019
Oct. 11, 2019

-105 p
Stop Loss
+135 p
Target 1
Chart & Analyst Comments
  1. For a while now, the Current Ratio indicator provides an opportunity for Short trade. We are using this signal as a basis for today’s trading forecast.
  2. There is an increase in Sell Orders when the price attempts to move down. We expect an upward movement to eliminate the accumulated sellers. We recommend to set Sell Limit at 117.75.
  3. This cluster of orders acts as a resistance. For our forecast, stop loss is reasonable to set higher than this cluster.
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